Like this:

Related

Post navigation

Maybe I’m missing something but it seems that the BC Liberal Party has gone very silent on the LNG file in the last month or so. Even the commercials on television from the LNG Alliance of BC have all but disappeared from the airwaves. Could it be that Christy & Co. are now trying to distance themselves from the 2013 unattainable promises they ran and won on?

!0 yrs. late, trillions of dollars short, still lots of kool aid drinking folks who cannot fathom the realities of commodity markets and pricing. Thanks for the continual flow of truthful material Norm, you should be required reading for all voters in BC!

“He adds that, in order to be viable, such projects would require an assumption of either a sustained high LNG price post-2024 or a cost optimization strategy to reduce projected capital expenditures.”

Would a cost optimization strategy include a twenty-five year contract guaranteeing very low royalty obligations to be paid only after capital costs have been recouped? And would it include floating the processing plant to BC after building it cheaply offshore with no Canadian labor or materials?

Do you think Vancouver Island would keep her? I somehow doubt that! In fact I think they would separate on condition that they wouldn’t have to have anything to do with her. Maybe they’d go over to Trump’s camp.

I have $10,000 in my personal prosperity fund. I don’t actually have it in cash, it’s just a notional amount in my personal financial records. If I need to spend part of it, I’ll ask my wife to borrow some money and give it me. I’ll have to co-sign her loan but… well, we just won’t talk about that.

Despite the lowered price of LNG, demand, particularly in Asia, has stalled or slid downward. One reason why that is so is that the US$ exchange rate of Asian currencies – particularly the Japanese yen – has slid just as quickly as has the price of LNG (which is denominated in US$). Ergo- LNG is barely less expensive in those currencies than when Fukushima happened.

Wasting money on destructive energy projects makes zero sense when there are better alternatives. British Columbia is spending billions on Site C. It could suspend the project today and have less harmful and cheaper sources of clean power operational by the time more electricity is needed.

As is typical of resource management, the regulating ministry sees its prime purpose is to enhance growth and profitability of companies extracting resources. the public share of produced values is no longer material. This cozy relationship costs taxpayers billions of dollars, money that could be spent on renewable energy, transit, daycare, education or many […]

Canada’s Conservatives are committed to the Republican Party value of opposing voter fraud, if someone else is doing it. Like their American mentors, HarperCons protest electoral manipulations even more strongly when no one is doing it. Bill C-76 amends the Canada Elections Act to establish spending limits for third parties and political parties before of a […]

Freelance reporter Bob Mackin wrote that BC’s Legislature was a scandal waiting to happen and he quoted journalism professor and former Legislative reporter Sean Holman about the significant potential for abuse. Mackin blames excessive secrecy and lack of transparency...

BC Hydro's quarterly report for the period ended September 30, 2018 shows the utility is very good at some things. Specifically, borrowing and spending money. In the thirteen years from 2005, assets employed to service BC consumers have almost tripled in value. Trouble is, actual sales to residential, commercial and industrial consumers are less in 2018 […]

The case is clear. British Columbia's Government decided to reduce the public share of natural gas revenues to almost nothing. This is despite substantial growth in the quantities of natural gas being extracted.

Perhaps an even more vile set of falsehoods is BC Hydro's continuing claims that demand for electricity by its BC consumers has been growing steadily. That has led to excessive capital spending that measures in the billions.

Check out the fine work on electoral reform by Merv Adey 2018 fellowship recipient Andrew Seal. It’s a fabulous five part series published by The Tyee. We’d like to raise additional funds to initiate the next fellowship. You can be sure it will support a comprehensive examination of a subject important to all British Columbians.